Crossbeam, a venture-backed SaaS company specializing in data-driven partnerships, laid off 17 employees this week, representing about 15% of its staff and reducing its total headcount to approximately 100. Founded in 2019 and headquartered in Center City, the company cited a challenging 2023 market as the reason, noting that the investment climate has shifted significantly since its $76 million Series C raise in 2021. Despite growing revenue over 100% in the past year, Crossbeam restructured to align with current economic realities, primarily affecting engineering and marketing teams. The company continues to hire in areas like product design and account management, maintaining its focus on its core mission in the tech industry.
